Jane Mellor

Jane Mellor

Jane Mellor is a professional standards officer at the Chartered Institute of Taxation and Association of Taxation Technicians where she helps produce member guidance on professional and ethical matters and assists with anti-money laundering issues. Before joining the CIOT/ATT she worked as a personal tax manager in a firm of Chartered Accountants.

There are lots of regulatory requirements to deal with when setting up in practice. It can be easy to overlook some of these but you are reminded that it is a legal requirement to be registered for anti-money laundering (AML) supervision if you are ‘acting in the course of business’ as any of the following: ‘auditors, insolvency practitioners, external accountants and tax advisers’. Tax advisers include those dealing with tax compliance work and more specialist advisory work such as capital allowances or R&D claims.

The CIOT and ATT have been working on FAQs based on queries we have received. These should assist members generally with some of the queries they may have in relation to the General Data Protection Regulation.

Members may like to be aware that ‘Engagement letters for tax practitioners’ are currently being worked on jointly by AAT, ACCA, ATT, CIOT and STEP. A number of changes are required including legislative changes such as the EU General Data Protection Regulation (GDPR). The working party of these professional bodies is working towards issue of the updated guidance and template letters in early summer 2018.